M/I Homes (MHO) closed the most recent trading day at $132.00, moving -2.05% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.66%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.05%.
Shares of the homebuilder have depreciated by 9.11% over the course of the past month, underperforming the Construction sector's loss of 2.15%, and the S&P 500's gain of 0.55%.
The upcoming earnings release of M/I Homes will be of great interest to investors. The company's earnings report is expected on October 21, 2026. On that day, M/I Homes is projected to report earnings of $3.05 per share, which would represent a year-over-year decline of 26.33%. At the same time, our most recent consensus estimate is projecting a revenue of $1.09 billion, reflecting a 3.31% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12 per share and revenue of $4.18 billion, which would represent changes of -18.59% and -5.37%, respectively, from the prior year.
Any recent changes to analyst estimates for M/I Homes should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.96% lower. As of now, M/I Homes holds a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that M/I Homes has a Forward P/E ratio of 11.23 right now. This represents a discount compared to its industry average Forward P/E of 12.72.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 239, this industry ranks in the bottom 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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M/I Homes, Inc. (MHO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).